[ETHEREUM] XVS Emissions adjustment proposal.

Summary

This proposal recommends adjusting XVS emissions on Ethereum Mainnet by reducing them by 36%, based on an analysis of TVL proportions and market sensitivity. Additionally, 77,853 XVS is requested for distribution over the next 4 months.

The following outlines the proposed emission adjustments:

Pool Market New Monthly Allocation (Change) Core WETH 633 (25%) Core WBTC 1,898 (25%) Core USDT 2,279 (25%) Core USDC 2,279 (25%) Core crvUSD 0 (100%) Core FRAX 0 (100%) Core sFRAX 0 (100%) Core TUSD 0 (100%) Core DAI 0 (100%) Curve CRV 0 (100%) Curve crvUSD 0 (100%) LST ETH ETH 12,375 (25%) LST ETH wstETH 0 (100%) LST ETH sfrxETH 0 (100%) New Total monthly XVS issued: 19,464 (-36%)

Details

Considerations All prices and market TVLs are considered for Sept 12, 2024

TVL Analysis The TVL participation for each market is analyzed to filter out the most significant markets. The goal is to identify markets that hold a significant portion of the total TVL and categorize them into two tiers.

Tier 1: Markets with more than 3% in TVL Tier 2: Markets with less than 3% in TVL

Additional details in the forum proposal below.